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Side-by-side financial comparison of INSTEEL INDUSTRIES INC (IIIN) and INDEPENDENCE REALTY TRUST, INC. (IRT). Click either name above to swap in a different company.

INDEPENDENCE REALTY TRUST, INC. is the larger business by last-quarter revenue ($165.3M vs $159.9M, roughly 1.0× INSTEEL INDUSTRIES INC). On growth, INSTEEL INDUSTRIES INC posted the faster year-over-year revenue change (23.3% vs 2.5%). Over the past eight quarters, INSTEEL INDUSTRIES INC's revenue compounded faster (12.0% CAGR vs 2.2%).

Insteel Industries Inc is a leading U.S. manufacturer of steel reinforcing products including welded wire reinforcement and steel fibers. It primarily serves non-residential construction, infrastructure, and precast concrete segments across North America, delivering high-performance reinforcement solutions for various construction projects.

Brandywine Realty Trust is a Philadelphia-based real estate investment trust (REIT) that invests in office buildings in Philadelphia, Washington, D.C., and Austin, Texas.

IIIN vs IRT — Head-to-Head

Bigger by revenue
IRT
IRT
1.0× larger
IRT
$165.3M
$159.9M
IIIN
Growing faster (revenue YoY)
IIIN
IIIN
+20.8% gap
IIIN
23.3%
2.5%
IRT
Faster 2-yr revenue CAGR
IIIN
IIIN
Annualised
IIIN
12.0%
2.2%
IRT

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
IIIN
IIIN
IRT
IRT
Revenue
$159.9M
$165.3M
Net Profit
$7.6M
Gross Margin
11.3%
Operating Margin
6.0%
Net Margin
4.7%
Revenue YoY
23.3%
2.5%
Net Profit YoY
602.4%
EPS (diluted)
$0.39
$0.00

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
IIIN
IIIN
IRT
IRT
Q1 26
$165.3M
Q4 25
$159.9M
$167.1M
Q3 25
$177.4M
$167.1M
Q2 25
$179.9M
$162.2M
Q1 25
$160.7M
$161.2M
Q4 24
$129.7M
$161.0M
Q3 24
$134.3M
$160.1M
Q2 24
$145.8M
$158.4M
Net Profit
IIIN
IIIN
IRT
IRT
Q1 26
Q4 25
$7.6M
$33.3M
Q3 25
$14.6M
$6.9M
Q2 25
$15.2M
$8.0M
Q1 25
$10.2M
$8.4M
Q4 24
$1.1M
$-1.0M
Q3 24
$4.7M
$12.4M
Q2 24
$6.6M
$10.4M
Gross Margin
IIIN
IIIN
IRT
IRT
Q1 26
Q4 25
11.3%
Q3 25
16.1%
Q2 25
17.1%
Q1 25
15.3%
Q4 24
7.3%
Q3 24
9.1%
Q2 24
10.6%
Operating Margin
IIIN
IIIN
IRT
IRT
Q1 26
Q4 25
6.0%
Q3 25
10.8%
Q2 25
11.0%
Q1 25
8.3%
Q4 24
1.1%
Q3 24
4.5%
Q2 24
6.0%
Net Margin
IIIN
IIIN
IRT
IRT
Q1 26
Q4 25
4.7%
19.9%
Q3 25
8.2%
4.1%
Q2 25
8.4%
5.0%
Q1 25
6.4%
5.2%
Q4 24
0.8%
-0.6%
Q3 24
3.5%
7.7%
Q2 24
4.5%
6.5%
EPS (diluted)
IIIN
IIIN
IRT
IRT
Q1 26
$0.00
Q4 25
$0.39
$0.14
Q3 25
$0.74
$0.03
Q2 25
$0.78
$0.03
Q1 25
$0.52
$0.04
Q4 24
$0.06
$-0.01
Q3 24
$0.24
$0.05
Q2 24
$0.34
$0.05

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
IIIN
IIIN
IRT
IRT
Cash + ST InvestmentsLiquidity on hand
$15.6M
$23.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$358.8M
$3.4B
Total Assets
$456.1M
$6.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IIIN
IIIN
IRT
IRT
Q1 26
$23.3M
Q4 25
$15.6M
$23.6M
Q3 25
$38.6M
$23.3M
Q2 25
$53.7M
$19.5M
Q1 25
$28.4M
$29.1M
Q4 24
$36.0M
$21.2M
Q3 24
$111.5M
$17.6M
Q2 24
$97.7M
$21.0M
Total Debt
IIIN
IIIN
IRT
IRT
Q1 26
Q4 25
$2.3B
Q3 25
$2.3B
Q2 25
$2.2B
Q1 25
$2.3B
Q4 24
$2.3B
Q3 24
$2.3B
Q2 24
$2.3B
Stockholders' Equity
IIIN
IIIN
IRT
IRT
Q1 26
$3.4B
Q4 25
$358.8M
$3.5B
Q3 25
$371.5M
$3.5B
Q2 25
$356.2M
$3.4B
Q1 25
$341.4M
$3.5B
Q4 24
$331.6M
$3.4B
Q3 24
$350.9M
$3.4B
Q2 24
$346.0M
$3.4B
Total Assets
IIIN
IIIN
IRT
IRT
Q1 26
$6.1B
Q4 25
$456.1M
$6.0B
Q3 25
$462.6M
$6.1B
Q2 25
$471.9M
$6.0B
Q1 25
$421.9M
$6.0B
Q4 24
$404.7M
$6.1B
Q3 24
$422.6M
$5.9B
Q2 24
$414.6M
$5.9B
Debt / Equity
IIIN
IIIN
IRT
IRT
Q1 26
Q4 25
0.66×
Q3 25
0.66×
Q2 25
0.66×
Q1 25
0.65×
Q4 24
0.68×
Q3 24
0.68×
Q2 24
0.66×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
IIIN
IIIN
IRT
IRT
Operating Cash FlowLast quarter
$-701.0K
Free Cash FlowOCF − Capex
$-2.2M
FCF MarginFCF / Revenue
-1.4%
Capex IntensityCapex / Revenue
0.9%
Cash ConversionOCF / Net Profit
-0.09×
TTM Free Cash FlowTrailing 4 quarters
$439.0K

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IIIN
IIIN
IRT
IRT
Q1 26
Q4 25
$-701.0K
$282.1M
Q3 25
$-17.0M
$79.3M
Q2 25
$28.5M
$82.2M
Q1 25
$-3.3M
$60.4M
Q4 24
$19.0M
$259.8M
Q3 24
$16.2M
$69.2M
Q2 24
$18.8M
$83.0M
Free Cash Flow
IIIN
IIIN
IRT
IRT
Q1 26
Q4 25
$-2.2M
Q3 25
$-18.7M
Q2 25
$26.9M
Q1 25
$-5.5M
Q4 24
$16.3M
Q3 24
$14.5M
Q2 24
$15.5M
FCF Margin
IIIN
IIIN
IRT
IRT
Q1 26
Q4 25
-1.4%
Q3 25
-10.6%
Q2 25
15.0%
Q1 25
-3.5%
Q4 24
12.6%
Q3 24
10.8%
Q2 24
10.7%
Capex Intensity
IIIN
IIIN
IRT
IRT
Q1 26
Q4 25
0.9%
Q3 25
1.0%
Q2 25
0.9%
Q1 25
1.4%
Q4 24
2.1%
Q3 24
1.3%
Q2 24
2.2%
Cash Conversion
IIIN
IIIN
IRT
IRT
Q1 26
Q4 25
-0.09×
8.48×
Q3 25
-1.17×
11.51×
Q2 25
1.88×
10.22×
Q1 25
-0.32×
7.23×
Q4 24
17.56×
Q3 24
3.48×
5.60×
Q2 24
2.86×
8.02×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

IIIN
IIIN

Welded Wire Reinforcement$108.4M68%
PC Strand$51.6M32%

IRT
IRT

Rental and other property revenue$165.2M100%
Other revenue$109.0K0%

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